Today, Senate President Pro Tempore Martin Looney (D-New Haven) and Senate Majority Leader Bob Duff (D-Norwalk) applauded the announcement from Marissa Gillett, Chair of Public Utility Regulatory Authority (PURA), that an interstate hearing on electric rate increases will be held by public utility regulators from nearby states.
“Thanks to Chairman Gillett for putting this one-of-a-kind hearing together,” said Senators Looney and Duff. “Eversource continues to overpay its executives while ratepayers see prices go up and up. We are optimistic that this interstate hearing will move us toward better outcomes for customers. By working together with other states, we cut off the divide and profit strategy Eversource uses in each of our states. We must remember that unlike truly private businesses Eversource is a regulated utility with guaranteed profits and a virtually guaranteed market.”